Term
| 1. What was the first document in the colonies to establish the concept of self-government? |
|
Definition
|
|
Term
| 2. What was the first successful English colony in the New World? |
|
Definition
|
|
Term
| 3. What was the purpose of the Jamestown settlement? |
|
Definition
|
|
Term
| 4. What was the purpose of the Plymouth and Massachusetts Bay settlements? |
|
Definition
|
|
Term
| 5. What is the difference between a Puritan and a Separatist? |
|
Definition
Puritans wanted to purify the Church of England
Separatists wanted to separate from the Church of England |
|
|
Term
| 6. Who was the first governor of the Massachusetts Bay colony and said “we shall be as a city upon a hill?” |
|
Definition
|
|
Term
| 7. Which colony was set up as a debtors’ colony? |
|
Definition
|
|
Term
| 8. Which region of colonies was known as the “Bread-Basket” Colonies? |
|
Definition
|
|
Term
| 9. What was the first written constitution in the colonies? |
|
Definition
| Fundaments Orders of Connecticut |
|
|
Term
| 10. What document allowed religious freedom to all Christians, including Catholics? |
|
Definition
|
|
Term
| 11. What document limited the power of the English monarch in 1215? |
|
Definition
|
|
Term
| 12. What was the first representative assembly in the colonies? |
|
Definition
| Virginia House of Burgesses |
|
|
Term
| 13. What colonial case established freedom of the press? |
|
Definition
|
|
Term
| 14. What was the first government after the Revolutionary War? |
|
Definition
| Articles of Confederation |
|
|
Term
| 15. What is meant by salutary neglect? Did the colonists like this idea? |
|
Definition
| English policy of non-enforcement of trade regulations. Yes! |
|
|
Term
| 16. England placed trade restrictions on the colonies. England benefited from these trade restrictions. What term describes this? |
|
Definition
|
|
Term
| 17. What event involved colonists threatening British soldiers and resulted in the death of Crispus Attucks? |
|
Definition
|
|
Term
| 18. What Act by Parliament led to the Boston Tea Party? |
|
Definition
|
|
Term
| 19. What Acts were passed as a result of the Boston Tea Party? |
|
Definition
| Coercive (Intolerable) Acts |
|
|
Term
| 20. Who was the author of the Declaration of Independence? |
|
Definition
|
|
Term
| 21. What are John Locke’s natural rights? |
|
Definition
| Life, Liberty and Property |
|
|
Term
| 22. John Locke believed that man’s natural state is free but man chooses to form a government to protect his property. What theory does this describe? |
|
Definition
|
|
Term
| 23. What did Thomas Paine encourage in his pamphlet, Common Sense? |
|
Definition
| Declare Independence from England |
|
|
Term
| 24. What law outlined steps for statehood for land around the Ohio River Territory? |
|
Definition
| Northwest Ordinance of 1787 |
|
|
Term
| 25. Ultimately, why were the Articles of Confederation weak? |
|
Definition
|
|
Term
| 26. What rebellion was led by farmers in Massachusetts? |
|
Definition
|
|
Term
| 27. Why were these farmers angry? (In other words, what led them to rebellion?) |
|
Definition
|
|
Term
| 28. What was the initial purpose of the delegates meeting in Philadelphia in 1787? |
|
Definition
| Revise the Articles of Confederation |
|
|
Term
| 29. How should a state be represented in Congress according to the Virginia Plan? |
|
Definition
|
|
Term
| 30. How should a state be represented in Congress according to the New Jersey Plan? |
|
Definition
|
|
Term
| 31. Describe the Great Compromise and the legislature that this plan established. |
|
Definition
| Bi-cameral legislature (House of Reps = Population, Senate = 2 per state) |
|
|
Term
| 32. What was the northern states viewpoint on counting slaves for the purpose of representation? |
|
Definition
| Slaves should not be counted |
|
|
Term
| 33. What was the southern states viewpoint on counting slaves for the purpose of representation? |
|
Definition
|
|
Term
| 34. What compromise settled this dispute of how slaves should be counted for the purpose of representation? |
|
Definition
|
|
Term
| 35. List three writers of the Federalist Papers. |
|
Definition
| James Madison, Alexander Hamilton, John Jay |
|
|
Term
| 36. What was the purpose of the Federalist Papers? |
|
Definition
| Encourage ratification of the Constitution |
|
|
Term
| 37. What political party opposed the ratification of the US Constitution? |
|
Definition
|
|
Term
| 39. Who is the Father of the US Constitution? |
|
Definition
|
|
Term
| 40. What was added to the US Constitution that satisfied the Anti-Federalists? |
|
Definition
|
|
Term
|
Definition
|
|
Term
| 1. What basic principle of the US Constitution means that the people are the source of all governmental power? |
|
Definition
|
|
Term
| 2. What term means one federal government and several state governments? |
|
Definition
|
|
Term
| 3. What basic principle of the US Constitution means that the government is not all powerful and it can only do what the people allow it to do? |
|
Definition
|
|
Term
| 4. Power in the US federal government is divided between the legislative, judicial and executive branch. What basic principle does this describe? |
|
Definition
|
|
Term
| 5. The president vetoes a bill that has been passed by both houses of Congress. What Constitutional principle does this describe? |
|
Definition
|
|
Term
| 6. What does the term “posterity” mean in the Preamble to the US Constitution? |
|
Definition
|
|
Term
| 7. Who is the president of the Senate? |
|
Definition
|
|
Term
| 8. Who is the leader of the House of Representatives? |
|
Definition
|
|
Term
| 9. What are the 3 requirements to be President? |
|
Definition
35 years old
Natural born citizen
Resident of US for at least 14 years |
|
|
Term
| 10. What is the term length for a Senator? |
|
Definition
|
|
Term
| 11. What branch has the power to collect taxes? |
|
Definition
|
|
Term
| 12. What branch has the power to declare war? |
|
Definition
|
|
Term
| 13. What branch has the power to appoint justices to the US Supreme Court? |
|
Definition
|
|
Term
| 14. Who officially elects the President of the United States? |
|
Definition
|
|
Term
| 15. What kind of jurisdiction does the US Supreme Court have? |
|
Definition
|
|
Term
| 16. The president appoints ambassadors and directs the foreign policy of the US. What role is the President displaying? |
|
Definition
|
|
Term
| 17. What is the advisory body of the President called? |
|
Definition
|
|
Term
| 18. If both the President and Vice President were to die, who would assume the role of Presidency? |
|
Definition
|
|
Term
| 19. How many justices serve on the US Supreme Court? |
|
Definition
|
|
Term
| 20. The written opinion of the US Supreme Court is also known as the ------opinion. |
|
Definition
|
|
Term
| 21. If a justice disagrees with the opinion of the court he/she writes a ----------opinion. |
|
Definition
|
|
Term
| 22. If a justice agrees with the opinion of the court but for different reasons he/she writes a--------- opinion. |
|
Definition
|
|
Term
| 23. What laws forbidden by US Constitution establish that one cannot be accused of a crime if the act was committed before the act was a crime? |
|
Definition
|
|
Term
| 24. What clause establishes that Congress has the power to make laws that help them carry out their expressed powers? |
|
Definition
|
|
Term
| 25. The Elastic Clause gives Congress ---------powers. |
|
Definition
|
|
Term
| 26. Why does the US Constitution state that revenue bills must originate in the House of Representatives? |
|
Definition
| Because the House represents the will of the people (more direct representation since it is based on population) |
|
|
Term
| 27. What term means to send up records from a lower court? |
|
Definition
|
|
Term
| 28. What term means that the body must appear before the court? |
|
Definition
|
|
Term
| 29. What powers belong to the federal govt. simply because it is a sovereign state? |
|
Definition
|
|
Term
| 30. What house acts as the trial for impeachments? |
|
Definition
|
|
Term
| 31. What type of power is the power to establish schools? |
|
Definition
|
|
Term
| 32. What type of power is the power to tax? |
|
Definition
|
|
Term
| 33. How is the number of electors for each state determined? |
|
Definition
| Total number of senators and representatives (3 electors for D.C) |
|
|
Term
| 34. What is the total number of votes in the Electoral College? |
|
Definition
|
|
Term
| 35. How many electoral votes does it take to win the presidency? |
|
Definition
|
|
Term
| 36. What are the two methods of proposing an amendment to the US Constitution? |
|
Definition
| Either by 2/3 of Congress or National convention requested by 2/3 of the State legislatures |
|
|
Term
| 37. What are the two methods of ratifying a change to the US Constitution? |
|
Definition
|
|
Term
| 38. What newest executive department was established after 9-11? |
|
Definition
| Department of Homeland Security |
|
|
Term
| 39. What executive agency issues rules for workplace safety? |
|
Definition
|
|
Term
| 40. What executive agency prevents counterfeiting and protects the president? |
|
Definition
|
|
Term
| 1. What is the NC legislature called? |
|
Definition
|
|
Term
| 2. What term describes one national government and several state governments? |
|
Definition
|
|
Term
| 3. Who is the chief executive of our state? |
|
Definition
|
|
Term
| 4. How long is the term for governor? |
|
Definition
|
|
Term
| 5. A state’s National Guard is controlled by which government official? |
|
Definition
|
|
Term
| 6. Who is second in command of the NC Executive branch? (title, not name) |
|
Definition
|
|
Term
| 7. In both houses of our legislature, representation is based upon ---------- |
|
Definition
|
|
Term
| 8. How many representatives are there in the NC House? |
|
Definition
|
|
Term
| 9. How many representatives are there in the NC Senate? |
|
Definition
|
|
Term
| 10. List the four levels of courts in NC. |
|
Definition
NC Supreme Court
NC Court of Appeals
NC Superior Courts
NC District Courts |
|
|
Term
| 11. What house has the power to impeach? |
|
Definition
|
|
Term
| 12. What house carries out the trial for impeachments? |
|
Definition
|
|
Term
| 13. What is the term that describes a law passed by a legislature? |
|
Definition
|
|
Term
| 14. What is the term for a rule enacted by a local government? |
|
Definition
|
|
Term
| 15. What is the significance of State v. Mann? |
|
Definition
| Established the Supremacy of the NC Constitution |
|
|
Term
| 16. What did Swann vs. CMS offer as a solution for segregated schools? |
|
Definition
|
|
Term
| 17. What court case said that NC must provide a “sound and basic education” for all students? |
|
Definition
| Leandro v. State of North Carolina |
|
|
Term
| 18. What is the greatest expenditure for the US Government? |
|
Definition
| Social Security (social welfare programs) |
|
|
Term
| 19. What is the greatest form of revenue for the US Government? |
|
Definition
|
|
Term
| 20. What is the largest expenditure in North Carolina’s budget? |
|
Definition
|
|
Term
| 21. What is the largest source of funding at the state level in North Carolina? |
|
Definition
|
|
Term
| 22. What is the term for a “hidden” tax on the manufacture, sale and consumption of goods? |
|
Definition
|
|
Term
| 23. What type of tax is charged based on the ability to pay? What is an example? |
|
Definition
Progressive tax
Example: income tax, estate tax |
|
|
Term
| 24. What type of tax is charged regardless of the ability to pay? What is an example? |
|
Definition
Regressive tax
Example: sales tax, excise tax |
|
|
Term
| 1. What is the difference between duties and responsibilities? |
|
Definition
Duty is an action required by law
Responsibility is an action a citizen should do |
|
|
Term
| 2. Name the first two political parties. |
|
Definition
| Federalists and Anti-Federalists |
|
|
Term
| 3. What kind of party system does the US have? |
|
Definition
|
|
Term
| 4. What are the two dominant political parties in the US? |
|
Definition
|
|
Term
| 5. The Democratic Party’s ideals tend to lean to the |
|
Definition
|
|
Term
| 6. The Republican Party’s ideals tend to lean to the |
|
Definition
|
|
Term
| 7. Political ideologies that tend to fall in the middle of the political spectrum are called |
|
Definition
|
|
Term
| 8. What do we call the individual components of a party’s platform? |
|
Definition
|
|
Term
| 9. What are political ideologies that fall to the extreme left of the political spectrum? |
|
Definition
|
|
Term
| 10. What are political ideologies that fall to the extreme right and tend to dislike change? |
|
Definition
|
|
Term
| 11. Most of the American electorate would fall into which of the following area of the political spectrum? |
|
Definition
|
|
Term
| 12. What do we call an individual who is sent to a convention on behalf of a group of people? |
|
Definition
|
|
Term
| 13. What term do we use to describe non-affiliation with a political party? |
|
Definition
|
|
Term
| 14. Where is a party’s presidential candidate officially named and platforms decided upon? |
|
Definition
|
|
Term
| 15. What is meant by building the party at the grassroots level? |
|
Definition
|
|
Term
| 16. A group that is corrupt and whose candidates almost always win elections is called a -------------- |
|
Definition
|
|
Term
| 17. People do not vote because they are apathetic. What does apathetic mean? |
|
Definition
|
|
Term
| 18. --------is when a legislature sends an issue to be directly voted on by the people. |
|
Definition
|
|
Term
| 19. --------is when voters gather signatures to a petition that allows a proposition to be placed on a ballot. |
|
Definition
|
|
Term
| 20. What term describes non-party private groups organized to elect govt. officials in order to promote their group’s interests? (These groups give money to political candidates). |
|
Definition
| Political Action Committees (PACs) |
|
|
Term
| 21. List three constitutional voting requirements in the US. |
|
Definition
| Citizenship, Age, Residency |
|
|
Term
| 22. What type of election is held to remove an elected official from office? |
|
Definition
|
|
Term
| 23. What amendment gave women the right to vote? |
|
Definition
|
|
Term
| 24. What amendment set the voting age at 18? |
|
Definition
|
|
Term
| 25. What amendment gave African Americans the right to vote? |
|
Definition
|
|
Term
| 26. What amendment eliminated poll taxes, giving the poor the ability to vote? |
|
Definition
|
|
Term
| 27. What term do we use to describe eligible voters? |
|
Definition
|
|
Term
| 28. What is the smallest political division formed to organize a small group of voters? |
|
Definition
|
|
Term
| 29. How do we determine the number of electoral votes for each state? |
|
Definition
| Number of Senators + Number of Representatives (3 for DC) |
|
|
Term
| 30. If no presidential candidate wins a majority of the electoral votes, who selects the president? |
|
Definition
|
|
Term
| 31. If no presidential candidate wins a majority of the electoral votes, who selects the vice president? |
|
Definition
|
|
Term
| 32. What do we call a person who goes to speak to legislators on behalf of their interest groups in hopes that legislation would be passed in their favor? |
|
Definition
|
|
Term
| 33. Falsely published words that defame a person are known as ------- |
|
Definition
|
|
Term
| 34. False verbal statements that defame a person are known as |
|
Definition
|
|
Term
| 35. “Vote for Joe, everyone is!” |
|
Definition
|
|
Term
| 36. “Sara will build a better future” |
|
Definition
|
|
Term
| 37. Because of John we have better schools, cleaner streets and safer neighborhoods.” |
|
Definition
|
|
Term
| 38. “What he stands for, what he has proven that he can stand for, …I believe in this person.” – Oprah Winfrey |
|
Definition
|
|
Term
| 39. “John Edwards is the son of a mill worker, and just like you, he understands the struggles of a working American.” |
|
Definition
|
|
Term
| 40. "My opponent is soft on crime." |
|
Definition
|
|
Term
| 1. What is the highest court in the United States? |
|
Definition
|
|
Term
| 2. At the federal level, who has the power to create lower federal courts? |
|
Definition
| Legislative Branch (Congress) |
|
|
Term
| 3. How many US Courts of Appeals have been created? |
|
Definition
|
|
Term
| 4. NC is in the ----- US District Court. |
|
Definition
|
|
Term
| 5. How many US District Courts have been created? |
|
Definition
|
|
Term
| 6. Disputes involving citizens from different states can be heard by both the federal government and state governments. What type of jurisdiction does this describe? |
|
Definition
|
|
Term
| 7. Only the federal government has the power to hear cases involving ambassadors. What type of jurisdiction does this describe? |
|
Definition
|
|
Term
| 8. The power to hear a case from an inferior court is known as --------- jurisdiction. |
|
Definition
|
|
Term
| 9. The power to hear a case first is known as ------- jurisdiction. |
|
Definition
|
|
Term
| 10. Courts that have jurisdiction can use a writ of certiorari. |
|
Definition
|
|
Term
| 11. What is a crime that is more serious crime that could result in a stiffer punishment? |
|
Definition
|
|
Term
| 12. The ------- hears all the evidence of the case to decide if there is enough evidence to bring the case to trial. |
|
Definition
|
|
Term
| 13. What kinds of cases are suits brought between private parties that usually result in the award of money or a fine? |
|
Definition
|
|
Term
| 14. A grand jury hearing can lead to a(n) --------- also known as a formal charge. |
|
Definition
|
|
Term
| 15. What term is used to describe when the accused waives his/her right to a jury? |
|
Definition
|
|
Term
| 16. At what point in the criminal trial process does the accused enter a plea? |
|
Definition
|
|
Term
| 17. Another term for the person accused of a crime is ------------ |
|
Definition
|
|
Term
| 18. The burden of proof rests with the ------------ |
|
Definition
|
|
Term
| 19. What term describes a private wrong against a person or property? |
|
Definition
|
|
Term
| 20. Who swears in witnesses during the trial? |
|
Definition
|
|
Term
| 21. What three rights are guaranteed by the 6th amendment to those accused of a crime? |
|
Definition
Trial by jury
Public and speedy trial
Right to a lawyer |
|
|
Term
| 22. What court case guarantees the right to an attorney? |
|
Definition
|
|
Term
| 23. What right guaranteed by the 5th amendment means going through the procedures of a trial? |
|
Definition
|
|
Term
| 24. What amendment extends the responsibility of upholding due process to the states? |
|
Definition
|
|
Term
| 25. What term means lying under oath? |
|
Definition
|
|
Term
| 26. In the US Justice System, the accused is ----- until proven ----- |
|
Definition
|
|
Term
| 27. In a civil case, the person bringing the case is called the --------- |
|
Definition
|
|
Term
| 28. The accused can plead guilty and then receive a lesser punishment. What is this known as? |
|
Definition
|
|
Term
| 29. What court case claims that illegally obtained evidence cannot be used in the court of law? |
|
Definition
|
|
Term
| 30. When there is conflict what must occur during negotiation to come to a consensus? |
|
Definition
|
|
Term
| 1. What was the first know system of written law? |
|
Definition
|
|
Term
| 2. What is meant by “eye for an eye?” |
|
Definition
| Just punishment for crime |
|
|
Term
| 3. What set of laws established that the punishment should fit the crime? |
|
Definition
|
|
Term
| 4. means the study of law. |
|
Definition
|
|
Term
| 5. What set of moral codes has greatly influenced laws that the US enforces today? |
|
Definition
|
|
Term
| 6. What document limited the power of the English monarch in 1215? |
|
Definition
|
|
Term
| 7. What document was first to establish self-government in the colonies? |
|
Definition
|
|
Term
| 8. What does the term stare decisis mean? |
|
Definition
|
|
Term
| 9. What type of law is being used if the Supreme Court declares that schools cannot require students to recite a prayer in school due to the First Amendment? |
|
Definition
|
|
Term
| 10. What type of law is set by executive agencies? |
|
Definition
|
|
Term
| 11. What executive agency protects the consumer by setting regulations on products sold in the market? |
|
Definition
| CPSC – Consumer Product Safety Commission |
|
|
Term
| 12. What executive agency regulates television and radio? |
|
Definition
| FCC – Federal Communications Commission |
|
|
Term
| 13. What executive agency regulates space exploration? |
|
Definition
| NASA - National Aeronautics and Space Administration |
|
|
Term
| 14. Common law is based on ------------------------ |
|
Definition
| precedence (past judgments) |
|
|
Term
|
Definition
| Past judgments and rulings |
|
|
Term
| 16. What type of law is enacted by a legislature? |
|
Definition
|
|
Term
| 17. What type of law establishes treaties among nations? |
|
Definition
|
|
Term
| 18. What type of law deals with disputes between private parties? |
|
Definition
|
|
Term
| 19. What term describes a Senator’s ability to send mail to those he /she represents for free? |
|
Definition
|
|
Term
| 20. ----------- enforces immigration and naturalization laws. |
|
Definition
| CIS (Citizenship and Immigration Services) |
|
|
Term
| 21. What federal law enforcement agency investigates counterfeiting? |
|
Definition
|
|
Term
| 22. Why can Jackie not claim to a police officer that she did not know that it was against the law to drive in the car without her seatbelt on? |
|
Definition
| “Ignorance is not an excuse” |
|
|
Term
| 23. What does it mean to be incarcerated? |
|
Definition
|
|
Term
| 24. --------- factors are those that could lessen the sentence of a convicted criminal |
|
Definition
|
|
Term
| ---------factors are those that could worsen the sentence of a convicted criminal |
|
Definition
|
|
Term
| 26. What amendment protects the accused from excessive bail and cruel and unusual punishment? |
|
Definition
|
|
Term
| 27. What type of punishment does not include jail time but places restrictions on a criminal’s life, such as attending a job regularly and a curfew? |
|
Definition
|
|
Term
| 28. What court case guarantees the right to an attorney? |
|
Definition
|
|
Term
| 29. --------- laws are prohibited by the US Constitution and allow the accused to be punished without a trial. |
|
Definition
|
|
Term
| 30. What theory of punishment claims that the criminal should be punished to keep others from committing similar crimes? |
|
Definition
|
|
Term
| 31. What theory of punishment claims that the criminal should be locked away because he/she is a danger to society? |
|
Definition
|
|
Term
| 32. What theory of punishment claims that a criminal should be punished so that justice can be served? |
|
Definition
|
|
Term
| 33. What theory of punishment says that the focus should be on correcting the behavior of the criminal? |
|
Definition
|
|
Term
| 34. What court case says illegally obtained evidence cannot be used in court? |
|
Definition
|
|
Term
| 35. What amendment extends the right of due process to the responsibility of the states? |
|
Definition
|
|
Term
| 36. What amendment protects citizens from unreasonable searches and seizures? |
|
Definition
|
|
Term
| 37. Speedy and public trial by an impartial jury is guaranteed by the ------Amendment. |
|
Definition
|
|
Term
| 38. What term is used to describe when a criminal is released from prison early but with restrictions? |
|
Definition
|
|
Term
| 39. How can citizens influence the law? |
|
Definition
| Citizens can propose new laws through initiative and grassroots movements |
|
|
Term
| 40. How can PACs influence the law? |
|
Definition
| Give money to legislators to get laws passed in their favor |
|
|
Term
| 41. What is our local law enforcement agency called? |
|
Definition
| CMPD – Charlotte Mecklenburg PD |
|
|
Term
| 42. What right guaranteed by the 5th Amendment claims that one cannot be forced to testify against himself? |
|
Definition
|
|
Term
| 43. What right guaranteed by the 5th Amendment ensures procedural fairness? |
|
Definition
|
|
Term
| 44. What right guaranteed by the 5th Amendment claims that one cannot be tried for the same crime twice? |
|
Definition
|
|
Term
| 45. What is the purpose of a Grand Jury? |
|
Definition
| Decide if there is enough evidence for a case to be brought to trial |
|
|
Term
| 1.--------are necessary for survival. |
|
Definition
|
|
Term
| 2. What problem does economics work to solve? |
|
Definition
|
|
Term
| 3. Coal cannot be replaced once it is used. What kind of resource is coal? |
|
Definition
|
|
Term
| 4. How would you describe our wants and needs? |
|
Definition
|
|
Term
| 5. How would you describe our available resources? |
|
Definition
|
|
Term
| 6. List the four factors of production. |
|
Definition
| Land, Labor, Capital (physical & human) and Entrepreneurship |
|
|
Term
| 7. Jan wants to go out to eat with her friends but she also needs to study for a test. Jan decides to stay home and study. Going out with her friends is Jan’s -------------- |
|
Definition
|
|
Term
| 8. We discussed the example of guns and butter in class. Why can a society not produce all of the guns and all of the butter that it desires? |
|
Definition
|
|
Term
| 9. What is the most desirable alternative given up as the result of a decision? |
|
Definition
|
|
Term
| 10. If one thinks about the benefits of using one more unit, what is this called? |
|
Definition
|
|
Term
| 11. What is the degree to which resources are being used efficiently to produce goods and services? |
|
Definition
|
|
Term
| 12. What term do we use to describe using fewer resources than an economy is capable of using? |
|
Definition
|
|
Term
| 13. What term describes a reward offered to try to persuade people to take certain economic actions? |
|
Definition
|
|
Term
| 14. ------- workers are workers that perform manual labor. |
|
Definition
|
|
Term
| 15. Doctors and lawyers are ------- collar workers. |
|
Definition
|
|
Term
| 16. An assembly line is an example of breaking down labor into smaller parts to increase productivity. What term describes this? |
|
Definition
| Division of Labor (Specialization) |
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
| 21. Worker that places goods in boxes |
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
| 24. What graph shows ways to use an economy’s resources? |
|
Definition
| Production Possibilities Curve |
|
|
Term
| 25. Growth in an economy can cause the frontier to shift to the ------- |
|
Definition
|
|
Term
|
Definition
|
|
Term
| b. Mortgage payment for the building |
|
Definition
|
|
Term
| c. The money earned by opening the pizza shop one additional day = |
|
Definition
|
|
Term
| d. The additional cost of opening the store on Thursday evenings = |
|
Definition
|
|
Term
| 27. Who wrote Wealth of Nations and explained how a market economy works? |
|
Definition
|
|
Term
| 28. What concept was introduced in Wealth of Nations that depicts that the market will regulate itself? |
|
Definition
|
|
Term
| 29. What philosophy means that the government should generally not intervene in a market economy? |
|
Definition
|
|
Term
| 30. What term describes that the consumer decides what goods are available in the market? |
|
Definition
|
|
Term
| 31. What characteristic of a market economy means that sellers work to gain consumer business by lowering prices or offering advantages to buying their product? |
|
Definition
|
|
Term
| 1. What type of economy is based on ritual and custom? |
|
Definition
|
|
Term
| 2. In what type of economy do individuals make all economic decisions? |
|
Definition
|
|
Term
| 3. Communism is associated with what type of economy? |
|
Definition
|
|
Term
| 4. Capitalism is associated with what type of economy? |
|
Definition
|
|
Term
| 5. What diagram shows the movement of goods and services and money from firms to households and from households to firms? |
|
Definition
|
|
Term
| 6. According to the Law of Demand, as price increases, demand ------- |
|
Definition
|
|
Term
| 7. According to the Law of Supply, as price increases, supply --------- |
|
Definition
|
|
Term
| 8. If a good has many substitutes, its demand is ----------- |
|
Definition
|
|
Term
| 9. Consider the demand for pillowcases. If the cost of pillows increases to $200.00, what will happen to the demand for pillowcases? |
|
Definition
| Demand for pillowcases will decrease |
|
|
Term
| 10. Consider the demand for Skittles. If the cost of Starbursts drops to 10 cents, what will happen to the demand for Skittles? |
|
Definition
| Demand for Skittles will decrease |
|
|
Term
| 11. What term is used to describe the point at which supply and demand intersect? |
|
Definition
|
|
Term
| 12. The demand for medicine is ---------- |
|
Definition
|
|
Term
| 13. Minimum wage is an example of a -------- |
|
Definition
|
|
Term
| 14. Rent control is an example of a --------- |
|
Definition
|
|
Term
| 15. What economist believed that there are some occasions in which the government must step in and regulate the economy? |
|
Definition
|
|
Term
| 16. What economist wrote Communist Manifesto and explained the foundations of communism? |
|
Definition
|
|
Term
| 17. What type of market is controlled by a single seller? |
|
Definition
|
|
Term
| 18. What type of market is controlled by a few large firms? |
|
Definition
|
|
Term
| 19. What type of business organization has limited liability? |
|
Definition
|
|
Term
| 20. What type of business organization allows the owner to be the sole receiver of profits and make all business decisions? |
|
Definition
|
|
Term
| 21. McDonald’s and Bojangles are both examples of a ------------- |
|
Definition
|
|
Term
| 22. True or False? NC is a right to work state. |
|
Definition
| True, Right to work laws prohibit labor unions from forcing workers to join |
|
|
Term
| 23. What are the profits of stockholders called? |
|
Definition
|
|
Term
| 24. ------ describes that our money has value simply because they say it is valuable. |
|
Definition
|
|
Term
| 25. What term describes an organization that works to improve wages and working conditions? |
|
Definition
|
|
Term
| 26. Property used to secure a loan is called -------- |
|
Definition
|
|
Term
| 27. What do we call a low denomination of money that is lent to the government? |
|
Definition
|
|
Term
| 28. What type of fiscal policy should be used during inflation? |
|
Definition
|
|
Term
| 29. What type of fiscal policy should be used during deflation? |
|
Definition
|
|
Term
| 30. Decreasing government spending is an example of using what kind of fiscal policy? |
|
Definition
|
|
Term
| 31. Decreasing taxes is an example of using what kind of fiscal policy? |
|
Definition
|
|
Term
| 32. Any point at which supply and demand is not at equilibrium is called ---------- |
|
Definition
|
|
Term
| 33. The joining of two firms competing in the same market is called a -------- merger. |
|
Definition
|
|
Term
| 34. What was created to insure customer deposits if the bank fails? |
|
Definition
|
|
Term
| 1. --- measures the value of products produced by a country’s citizens. |
|
Definition
|
|
Term
| 2. --- measures products produced within a country’s borders. |
|
Definition
|
|
Term
| 3. --- GDP is GDP measured in constant, unchanging prices. |
|
Definition
|
|
Term
| 4. What measures the purchasing power of the dollar? |
|
Definition
| Consumer Price Index (CPI) |
|
|
Term
| 5. How could you determine the base year if you are examining a CPI chart? |
|
Definition
| Base year = 100 (reference point) |
|
|
Term
| 6. Consider the business cycle, at what point does the business stop contracting? |
|
Definition
|
|
Term
| 7. Consider the business cycle, at what point does the business stop expanding? |
|
Definition
|
|
Term
| 8. What term means to exchange one good for another good? |
|
Definition
|
|
Term
| 9. What trade agreement exists between the US, Canada and Mexico? |
|
Definition
| North American Free Trade Agreement (NAFTA) |
|
|
Term
| 10. What does the NAFTA agreement establish? |
|
Definition
| Free trade (no tariffs or restrictions) between US, Canada & Mexico |
|
|
Term
| 11. What does it mean to have a favorable balance of trade? |
|
Definition
| More exports than imports |
|
|
Term
| 12. What kind of worker moves from place to place looking for work? |
|
Definition
|
|
Term
| 13. ------ are taxes on imports. |
|
Definition
|
|
Term
| 14. Setting a(n)--------- places a limit on the amount of goods that are imported into a country. |
|
Definition
|
|
Term
| 15. What terms means removing government regulations from business? |
|
Definition
|
|
Term
| 16. Today, what term is used to describe a country that is primarily agricultural? |
|
Definition
|
|
Term
| 17. Today, what term is used to describe countries that are industrialized? |
|
Definition
|
|
Term
| a. Government decreases taxes |
|
Definition
|
|
Term
| b. Government raises reserve requirement |
|
Definition
|
|
Term
| c. Government decreases spending |
|
Definition
|
|
Term
| d. Government decreases interest rates |
|
Definition
|
|
Term
| e. Government increases the monetary supply |
|
Definition
|
|
Term
| 19. In periods of inflation, the government would use a ------- policy |
|
Definition
|
|
Term
| 19. In periods of inflation, the government would use a ------ policy |
|
Definition
|
|
Term
| 21. -------- means to cutoff trade completely. |
|
Definition
|
|
Term
| 22. What executive agency would establish/enforce laws concerning affirmative action? |
|
Definition
|
|
Term
| 23. Consider the GDP for the US. Would the goods produced by a German company in the US be included in the US GDP? |
|
Definition
|
|
Term
| 24. Consider the GNP for the US. Would the goods produced by a German company in the US be included in the US GNP? |
|
Definition
|
|
Term
| 25. How do you find a country’s per capita GDP? |
|
Definition
| Nation’s GDP/population (GDP per person) |
|
|
Term
| 26. Why must nations trade with one another? |
|
Definition
| Because resources are distributed worldwide and nations specialize in producing goods or service |
|
|
Term
| 27. What is the primary measure for determining if a country is developed or developing? |
|
Definition
|
|
Term
| 28. The amount of infrastructure in country could help determine if it is a developed nation. What is infrastructure? |
|
Definition
Basic physical structures needed for the function/operation of a society.
Ex: Roads, sewers, schools, hospitals |
|
|
Term
| 29. What economist would support deregulation of businesses? |
|
Definition
|
|
Term
| 30. What is out-sourcing? |
|
Definition
| Transferring work to another country |
|
|
